Question

What are the various uses of credit in rural areas?

Answer 1

Answer:

There are various sources of credit in rural areas are:relatives,friends,money lenders and traders. Most dominant source of credit is money lenders. It is because small farmers are poor, illiterate and cannot fulfill the conditions of co-laterals. The rural economy is way more smaller in scale than the urban areas.

Answer 2

Answer:

Explanation:

Uses of credit in rural are for buying crops and tools for cultivation of field